XRP's Recent Price Surge Fails to Lift Traders out of the Red

XRP's recent price surge has not yet lifted its average long-term trader out of the red, according to analytics firm Santiment. Among five major cryptocurrencies, XRP shows an 11.75% loss, while bitcoin, ether, and chainlink show small gains.

The analytics firm used a market value to realized value (MVRV) measure, which compares the current value of coins that moved within the past year with their value at acquisition price. The XRP reading remained negative even after the token's recent price surge, which saw it rise above $1.60 on September 22.

Santiment views those remaining losses as a potentially favorable setup if demand improves, stating that 'Buying during that pain has historically offered better long-term setups.'